No Bullshit Bitcoin's avatar
No Bullshit Bitcoin news@primal.net 1 year ago
France advances a proposal to impose an 'unproductive' unrealized capital gains tax on cryptocurrency holdings exceeding €800,000 The French Senate is set to transform the Real Estate Wealth Tax into the 'Unproductive Wealth Tax,' which now includes a progressive unrealized gains tax on digital asset holdings, ranging from 0.5% to 1.5%, even if the assets remain unsold. The proposal also includes provisions to increase the capital gains tax from 30% to up to 37.2% in certain cases. It is currently awaiting a vote in the National Assembly. Source:
Sénat
Budget 2025

Replies (22)

PayPerQ's avatar
PayPerQ payperq@nostr.lol 1 year ago
I don't think people realize enough that this is how Bitcoin may die. Not one sweeping action, but millions of little papercut laws that make it worthless to hold. If the Bitcoin P2P economy doesn't take hold soon, the only on and offramps will be exchanges controlled and surveilled by big gov. Build faster everyone! View quoted note →
5 replies ↓
Jerome Loman's avatar
Jerome Loman 1 year ago
France is mind blowing with wealth tax. It pushes rich in their prime to become unproductive member of society and retire early as the incremental earning after tax becomes ridiculous.
mbl's avatar
mbl 1 year ago
And here we go... to Monero 🥂
MoneRogue's avatar
MoneRogue MoneRogue@coinos.io 1 year ago
I swear countries will tax you for anything nowadays. Earned income? TAXED Bought something using your income? TAXED Paid off your home? TAXED Died and left a large inheritance for your kids? TAXED I swear, what's next? A tax on farting? When will the people who consent to these states realize they are nothing but revenue slaves for them? View quoted note →
It's Moro!'s avatar
It's Moro! itsmoro@stacker.news 1 year ago
thats insane. what about lost coins? Stolen coins? how does one prove they dont have access? what if you bought some btc you bought when it was worth far less, now its worth millions and have done literally nothing with it. you pay a tax on that in perpetuity? 🤡🌍
1 replies ↓
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npub1ah3a...l76e 1 year ago
#Monero
No Bullshit Bitcoin's avatar No Bullshit Bitcoin
France advances a proposal to impose an 'unproductive' unrealized capital gains tax on cryptocurrency holdings exceeding €800,000 The French Senate is set to transform the Real Estate Wealth Tax into the 'Unproductive Wealth Tax,' which now includes a progressive unrealized gains tax on digital asset holdings, ranging from 0.5% to 1.5%, even if the assets remain unsold. The proposal also includes provisions to increase the capital gains tax from 30% to up to 37.2% in certain cases. It is currently awaiting a vote in the National Assembly. Source:
Sénat
Budget 2025
View quoted note →
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npub1ah3a...l76e 1 year ago
Monero is above the law. It enwblrscdissent on a large scale. It's the duty to disrespect unjust and nonsensical laws.
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npub1ah3a...l76e 1 year ago
Glad they banned "anonymity enhancing" privacy coins in France from custodisns. How else would they enforce this nonsense.
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npub1ah3a...l76e 1 year ago
Who will forced to comply? Everybody storing their BTC IOUs with a custodian (95% of people) Everybody who KYC'ed their stack (98% of people) Cypherpunk using Monero to store their wealth: Not affected.
1 replies ↓
Foxfire Mushrooms's avatar
Foxfire Mushrooms 1 year ago
Even if your entire stack is KYC it would make no sense to comply with this.
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